President Trump

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Break all these institutions down, coporations, shareholders, government, voters...what do you have?  People (society).  The base unit votes with dollars.  What society wants (values) is what it gets.  YOU may not think its what society SHOULD have, but you are only one vote.
 
morekaos said:
Break all these institutions down, coporations, shareholders, government, voters...what do you have?  People (society).  The base unit votes with dollars.  What society wants (values) is what it gets.  YOU may not think its what society SHOULD have, but you are only one vote.
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Sure but I get just as many votes as any other person...but Warren Buffet has like 100,000X more money than I do...so he has a lot more to say what corporations do than me.
 
And of all people Buffett uses that influence in a way I am sure you would appreciate.

Warren Buffett Shares the Secrets to Wealth in America

I have good news. First, most American children are going to live far better than their parents did. Second, large gains in the living standards of Americans will continue for many generations to come.

Some years back, people generally agreed with my optimism. Today, however, pollsters find that most Americans are pessimistic about their children?s future. Politicians, business leaders and the press constantly tell us that our economic machine is sputtering. Their evidence: GDP growth of only 2% or so in recent years.

In 1776, America set off to unleash human potential by combining market economics, the rule of law and equality of opportunity. This foundation was an act of genius that in only 241 years converted our original villages and prairies into $96 trillion of wealth.

In the years of growth that certainly lie ahead, I have no doubt that America can both deliver riches to many and a decent life to all. We must not settle for less.

http://time.com/5087360/warren-buffett-shares-the-secrets-to-wealth-in-america/
 
Not at all.  Shareholders big and small exert their points of view in an infinite number of ways.  In fact Buffett exerts very little pressure on the companies he owns.  Maybe less than you or I in some cases.  Many shareholders smaller than Buffett may exert more influence than him on a company they both own.  Voters, shareholders, consumers all contribute to the pot of what society values and desires. That is the beauty of the system.
 
Lot of us hold romantic idealistic picture of capitalism.  thats what they teach in business school and in economics classes in college.  many of us idolize Ayn rand , her classic novel atlas shrugged and ideals of libertarianism.

that is not how it works in real life

what decides the value of your home ?  is it income level of people living in the area ?  Is it some complex formula based on education levels, economic indicators or whatnot ? no it is very simple -- COMPS .  every real estate agent knows this. 

why have CEO and senior mgmt salaries raced to the moon while the average white collar Joe is no better off ( except that now he has iPhones to spend all day on facebook and instagram and uber to flutter around as he / she pleases ) ?  your answer again , is COMPS

CEO salaries are set by boards and boards are heavily incestuous.  this is where people who scream against political correctness lose their minds, so I will not use the word "white privilege " , lets just call it " privilege " .  CEO x wants to get paid $20mm because CEO Y across town is getting paid 18mm and we all know CEO  x is special isn't he .  But wait now CEO  Z is negotiating and he wants to get paid 22mm because CEO X set the bar at 20mm -- and on and on it goes ...  Next time you are tearing your hair out wondering why that criminal sob who is getting fired from his fraudulent company is getting paid 50mm golden parachute , while the laid off workers are barely getting 2 weeks severance , remember this . 

This is NOT capitalism - it is privatized profits and socialized losses. 

if you are a small business owner who hates democrats and hated Obama ( and I know many many who do) , your beef is not just with the regulations , but also with the oligopolistic power of large corporations that are getting bigger and bigger and are squeezing you down.

if you are a white collar wage earner, why do you think salaries have not kept pace with the stupendous growth in the stock market -- because non senior mgmt workers have lost bargaining power - and I am not talking unions here .  I am talking a scenario where there are plenty of companies all trying to compete for the best talent .  not just 2 or 3 giant behemoths employing all the labor force  in a given sector or subsector and via tacit collusion , suppressing wages.

this is not some big leftist conspiracy theory.  companies doing this are not exchanging emails saying "hey lets collude to not poach workers and depress wages "  (although in one instance in Silicon Valley few years ago, they actually did just that ! ) .  it is just the path of least resistance

and this is the moral of the story -- everything in finance / economics follows the path of least resistance just as water flows downhill.

the system works well and works better than any other system but only when rampant abuses are kept in check .  and tiny shareholders are not the ones to do that.  it is media pressure and the pressure of social embarrassment , shame and resulting loss of customers.
 
Corporate tax cuts will directly benefit 1 million Walmart workers, and indirectly benefit everybody that shops at their stores.

Walmart to raise its starting wage to $11, give employees up to $1,000 bonuses following tax bill passage

Walmart's workers will soon reap the benefits of the recent tax law changes, as the world's largest private employer raises its starting wage, creates new benefits and distributes bonuses to eligible workers.

The big-box retailer announced Thursday it will increase its starting wage rate for hourly employees in the U.S. to $11, and expand maternity and parental leave benefits. Currently, Walmart's starting wage is $9 until workers complete a training program. Then, they receive $10.

Walmart will also pay a one-time cash bonus to eligible employees of as much as $1,000. The payouts, which should total roughly $400 million, will result in a one-time charge that the company will take in its fiscal fourth quarter.

In expanding its parental and maternity leave policy, Walmart will offer full-time hourly employees in the U.S. 10 weeks of paid maternity leave and six weeks of paid parental leave. Salaried workers will also receive six weeks of paid parental leave.

Before these changes, full-time hourly workers were only eligible for up to eight weeks of paid maternity leave and two weeks for paid parental leave.

The company is also creating a new benefit that provides financial assistance to its employees who are looking to adopt a child, giving them as much as $5,000 per child to cover expenses such as adoption agency fees, translation fees and legal costs.

Walmart said the changes will benefit the retailer's more than 1 million hourly employees across the country and will go into effect as soon as February.
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https://www.cnbc.com/2018/01/11/wal...wage-give-employees-bonus-after-tax-bill.html


Walmart rollbacks ahead: Retailer expected to use tax windfall to fund price cuts

Walmart is planning to give back a portion of its billions of dollars in savings from new tax legislation to workers ? in wages, bonuses and other benefits. But Wall Street still wants to know where the rest of those savings will be spent.

Some are beginning to speculate Walmart will invest in dropping prices even lower across its stores, something that's always been key to the big-box retailer's brand.

CEO Doug McMillon said in prepared remarks that it would be "clear and consistent" for the company to put more money toward goals such as lower prices and technology upgrades.

Overall, most industry experts are applauding Walmart for its actions ? what could set a precedent and push other retailers to do more of the same.

"Walmart really started to turn a corner a couple of years ago when it started to simultaneously invest in stores, logistics, e-commerce and employee wages," Perkins told CNBC. "The bump up to $11 per hour starting wage coupled with other bonuses and child care leave should bolster retention and moral even further."
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https://www.cnbc.com/2018/01/11/the-new-tax-bill-could-mean-even-lower-prices-at-walmart.html
 
Win!, Win! Win!...

President Trump Earns the Highest Presidential Approval Level of All Time

The Small Business Optimism Index hit an all-time high. That?s the new Presidential Approval Poll.

In olden days (pre-2016), candidates for president were not so different from each other. I can remember pundits complaining endlessly about how similar the Democrats and Republicans had become. In that environment, you can easily imagine someone who voted for Candidate A warming up to Candidate B. In those simpler times, a presidential approval poll meant something.


Today, a ?presidential approval poll? is little more than taking attendance. If you?re a Democrat, you disapprove of President Trump as a lifestyle choice. If you voted for Trump, you probably still approve of him because you knew exactly what you were getting. And if you are an anti-Trump conservative, you allow cognitive dissonance to rule your brain and you say he?s doing a good job but you disapprove of him anyway. David Brooks accidentally described this phenomenon in this article.

I contend that business optimism ? and small business optimism in particular ? are the new standard for presidential approval because ?economics? captures most of what a president influences.

If a president starts a war, or threatens to start one, the economy flinches.

If a president starts a trade war, or threatens one, the economy flinches.

If a president is tearing apart the fabric of civilization in one way or another, the economy collapses.

If a big terror attack succeeds on the homeland, the economy flinches.

If immigration is allowed in large numbers, the economy feels it.

I could go on. The point is that all of the ?big? issues directly influence the economy via their impact on our psychology and our resources. In a free, capitalist country, ?the economy? captures all the goodness and badness of a presidency without really trying. And the measure that best reflects the future of the economy, in my opinion, is small business optimism.

http://blog.dilbert.com/2018/01/09/president-trump-earns-highest-presidential-approval-level-time/
 
Liar Loan said:
Corporate tax cuts will directly benefit 1 million Walmart workers, and indirectly benefit everybody that shops at their stores.
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Seriously...are you that easily tricked?

Walmart is abruptly closing 63 Sam's Club locations across the US, the company told Business Insider. Some stores were closed on Thursday. Others will close at a later date.

Many employees were not informed of the closures ahead of the time, according to reports.
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https://finance.yahoo.com/news/walmart-abruptly-closing-sam-apos-064451519.html
 
Irvinecommuter said:
Seriously...are you that easily tricked?

Walmart is abruptly closing 63 Sam's Club locations across the US, the company told Business Insider. Some stores were closed on Thursday. Others will close at a later date.

Many employees were not informed of the closures ahead of the time, according to reports.
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https://finance.yahoo.com/news/walmart-abruptly-closing-sam-apos-064451519.html
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No I'm not that easily tricked by you.  63 stores is about 1% of their US locations. 

Not only that but they opened 59 stores in 2017, for a net loss of 4 stores.  Oh the children!!  :'(

According to AL.com a year ago:

Walmart plans to open 59 new stores, create 10,000 jobs

Walmart plans to create 10,000 new jobs and open 59 new stores in the coming year, officials announced Tuesday.

The nation's largest private employer is planning some $6.8 billion in capital investments in 2017, including construction of new and remodeled stores and expansion of its popular Online Grocery Pickup service.

The new jobs will be additions to store personnel, as well as staffing for e-commerce services.

"With a presence in thousands of communities and a vast supplier network, we know we play an important role in supporting and creating American jobs," said Dan Bartlett, Walmart executive vice president for corporate affairs. "Our 2017 plans to grow our business -- and our support for innovation in the textile industry -- will have a meaningful impact across the country," he said.

Walmart estimates another 24,000 construction jobs will be supported through the opening of the new stores and remodeling of existing properties.
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http://www.al.com/news/index.ssf/2017/01/walmart_plans_to_open_59_new_s.html
 
Nice...most smartest president ever.

US President Donald Trump, standing at the podium alongside Norwegian Prime Minister Erna Solberg, related the delivery of new fighter planes to the Scandinavian country.

"In November, we started delivering the first F-52s and F-35 fighter jets. We have a total of 52 and they've delivered a number of them already a little ahead of schedule," he said.
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Lockheed Martin certainly makes very fine, stealthy F-35s. The company didn't immediately respond to a request for comment as to whether the president had inadvertently revealed a new plane that was, for some reason, being delivered to Norway first.

Those of a gaming bent will know, however, that F-52s do exist in the world of Call of Duty, circa 2014.
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https://www.cnet.com/news/donald-trump-praises-delivery-f52-call-of-duty-planes-norway/
 
morekaos said:
How petty. But if you want to hear a supposedly smart guy say a bunch of dumb things...her ya go.
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Obama never said he was the most stable and smartest president ever.

But there's more!

President Trump reportedly referred to immigrants from Haiti and African countries as coming from ?shithole countries? on Thursday.

Trump made the comment in an Oval Office meeting with lawmakers during a discussion of protections for immigrants from several countries, according to The Washington Post.

?Why are we having all these people from shithole countries come here?? Trump said, according to multiple people briefed on the meeting.
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http://thehill.com/homenews/adminis...ons-for-immigrants-from-shithole-countries-in
 
"President Trump reportedly..."

"He reportedly suggested..."

"In the meeting, lawmakers reportedly..."

blah blah blah....I can make up quotes too.  Get me a video or just a person who will put their name the claim that he said that.  Even if he did (roughly worded as it is)  the point is valid...why do we?
 
morekaos said:
"President Trump reportedly..."

"He reportedly suggested..."

"In the meeting, lawmakers reportedly..."

blah blah blah....I can make up quotes too.  Get me a video or just a person who will put their name the claim that he said that.  Even if he did (roughly worded as it is)  the point is valid...why do we?
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Because immigration is should not solely be about economics?
 
But there should be and always has been restrictions and qualifiers, economic viability and utility should be one of them.
 
morekaos said:
But there should be and always has been restrictions and qualifiers, economic viability and utility should be one of them.
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Yes but that has nothing to do with where they are from.  We also have a long history of accepting refugees.
 
The reason people have immigrated to the US traditionally is because they were escaping sh*thole countries.  I mean Europe from the 1770's to the 1940's was not a very good place to be.  Lots of wars were fought on behalf of imperial monarchs while their people starved in the streets.  There's a reason why things like Nazism and Communism took hold there.  People were searching for a better way.
 
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